Salaries and wages paid AND Payroll taxes?

[Plarka]

Turbotax is asking me for both of these in the deductions section.  Isn't this redundant because I pay the payroll taxes as part of the salary? S Corp, I'm the only employee.

[Shannon B1]

No, because the S Corp pays the employer portion of your Social Security and Medicare taxes, and any federal and state unemployment taxes. These taxes are deductions for your S Corp. You can find these amounts on your S Corp's quarterly payroll returns or the 2024 payroll summary report.

[Plarka]

But my salary is 25,000,  wages paid is 1830.78, and payroll taxes is 411.  Those numbers are included in the 25,000, aren't they?

[LeticiaF1]

The taxes aren't included in the $25,000. ‌You can calculate the employer's amount of the taxes paid for Medicare and Social Security by adding the amounts in boxes 4 and 6 of your company's Form W3.‌ The amounts shown there are the employee's payments, but they are the same amount as what the employers tax paid is.

You can find the state unemployment tax by looking at your the report from your state's department of labor.‌ The federal unemployment tax, you can find on Form 940.  Add all of them to calculate your payroll taxes paid. ‌

@Plarka 

[Plarka]

So my 'wages' and my 'salary' are the same thing?  Neither of them is the after tax amount I send to my personal account as a paycheck each month?  

[ThomasM125]

Yes, they are the same thing. Wages and salary are your gross earnings, as reported in box 1 on your W-2 form. It is the amount of your pay before taxes and sometimes other things are deducted.

@Plarka